Publicly Traded DeFi Development Corp. Adds Another $11.2 Million in Solana
DeFi Development Corp., formerly Janover, has made a significant investment by acquiring more than 82,000 SOL worth approximately $11.2 million, bringing its total holdings to over 400,000 SOL valued at about $58 million. This strategic move follows the recent acquisition of a Solana validator business for $3.5 million, which consists of $3 million in restricted stock and $500,000 in cash. The firm aims to stake all newly acquired SOL immediately on their validators, generating yield while supporting the Solana network. The company's rapid transition to crypto involvement has been marked by multiple SOL purchases, including a recent treasury strategy that focuses on accumulating crypto assets. With shares trading on the Nasdaq as DFDV, the firm's stock has seen significant growth, increasing over 1,700% in the past month due to its aggressive expansion into the Solana ecosystem.
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